3901 S Flagler Drive #802West Palm BeachFL33405
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $4,182/mo, and a $6,852/mo payment. Purchase price stands at $1,400,000, and rental yield measures 3.58% with $4,182/mo rent. Return on cash invested shows 6.86% in year one, and 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 33.35% and total cumulative return in cash records $151,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,182/mo property income covering a $6,852/mo payment rather than investor’s personal income.
Condo
Built in 1986
150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33405, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,740 (100%) |
| Owner Occupied HU | 4,738 (54.2%) |
| Renter Occupied HU | 3,176 (36.3%) |
| Vacant Housing Units | 826 ( 9.5%) |
| Median Home Value | $538,407 |
| Average Home Value | $743,392 |
Housing Distribution
Address Breakdown
Residential
8,159
Single Family
7,486
Multi-Family
673
Businesses
1,053
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Listed by: Jessica Julian • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11143835